sec.626Particular interests taken to be excluded interests for s 179

### sec.626 Particular interests taken to be excluded interests for s 179 This section applies if— before 1 July 2011 a person acquired an interest in a corporation other than a land rich corporation as defined under this Act before that day; and on or after 1 July 2011— the corporation is or becomes a landholder; and the person makes a relevant acquisition in the corporation. For working out the dutiable value of the relevant acquisition under section 179, the interest acquired before 1 July 2011 is taken to be an excluded interest. Section 163(2) applies for working out when the interest was acquired. s 626 ins 2011 No. 20 s 126 (sec.626-ssec.1) This section applies if— before 1 July 2011 a person acquired an interest in a corporation other than a land rich corporation as defined under this Act before that day; and on or after 1 July 2011— the corporation is or becomes a landholder; and the person makes a relevant acquisition in the corporation. (sec.626-ssec.2) For working out the dutiable value of the relevant acquisition under section 179, the interest acquired before 1 July 2011 is taken to be an excluded interest. (sec.626-ssec.3) Section 163(2) applies for working out when the interest was acquired. - (a) before 1 July 2011 a person acquired an interest in a corporation other than a land rich corporation as defined under this Act before that day; and - (b) on or after 1 July 2011— (i) the corporation is or becomes a landholder; and (ii) the person makes a relevant acquisition in the corporation. - (i) the corporation is or becomes a landholder; and - (ii) the person makes a relevant acquisition in the corporation. - (i) the corporation is or becomes a landholder; and - (ii) the person makes a relevant acquisition in the corporation.